2% of all Bitcoin addresses hold 95% of the supply ? : Interview with Rafael Schultze-Kraft CTO of Glassnode ②
I do think Bitcoin and Ethereum are fair coins. If you look at the distribution over time, it has become more decentralized and dispersed across different sections in the network. Besides, we cannot forget that these coins are divisible by a lot. Even if you hold a couple of Satoshi’s, their price has been appreciating. Looking at on-chain data, there is a good argument for this continuous dispersion that shows the adoption of new people coming into space. People often drop claims like “2% of all bitcoin addresses hold 95% of the supply” , but they forget to factor in things like exchanges, that today they have approximately 2.6 million BTC. When an exchange is reduced to “an address with a lot of BTC”, then you certainly will get an extremely narrow view of the whole picture. It is very clear that these 2.6 million do not belong to a dozen entities but it is millions of users that are simply holding their funds on exchanges. So, those arguments are most of the time flawed.